IPE institutional market survey: Small and mid cap equities managers 2026

Small and mid cap equities managers 2026

The assets invested by global manaers in small and mid-cap equities continue to grow, confirming the positive trends of the past few years.

The headline figure rose by nearly7% in this year’s IPE survey, and the small and mid-cap equity asets managed on behalf of European institutions grew even more in relative terms, adding 12% to €61.4bn. At a global level, BlackRock remains by far the largest manager of small and mid-cap assets, having recorded growth of over 10% in its AUM. However, Dimensional Fund Advisors, the quantitative manager that takes the second spot in our global ranking, saw its AUM rise by over 24% in this year’s survey.

Full data access 
This summary shows headline data. The full dataset includes more detailed data on individual managers and is available to subscribers at ipe.com/research. To subscribe to IPE visit ipe.com/membership and for further information about the research or to participate in future surveys, contact dominic.gane@ipe.com

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands